Gemini Olympus Gains CFTC Approval for Derivatives Clearing

• Gemini affiliate gains CFTC DCO approval for regulated derivatives clearing in US markets. 
• In-house clearing gives Gemini more control over settlement and product risk management. 
• Payward targets clearing access for Kraken through a planned Bitnomial acquisition deal. 

Gemini Olympus, LLC, an affiliate of the Gemini crypto exchange, has received CFTC approval. It could now operate as a Derivatives Clearing Organization (DCO). The approval strengthens Gemini’s position in regulated U.S. derivatives and prediction market activity.

The license allows Gemini Olympus to clear trades linked to eligible derivatives products. These may include prediction market contracts and other regulated instruments. Gemini shares rose about 7% after the announcement

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As a DCO, Gemini could manage settlement and risk for the eligible produc…

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